The reported net incomes for the first $2$ years of Sage Products, Inc., were as follows: $2025,$$$140,600$;$2026,$$$174,900.$ Early in $2027,$ the following errors were discovered.

Depreciation of equipment for $2025$ was overstated $$17,600.$

Depreciation of equipment for $2026$ was understated $$40,500.$

December $31,2025,$ inventory was understated $$48,400.$

December $31,2026,$ inventory was overstated $$15,300.$

Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. $($Ignore income tax considerations.$)($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$